@Wealthmanager I suspect a deeper pull back coming for bitcoin:native before any possibility of bullish rally. Could drop as low as $55k level first to flush out the weak hands.
@JakeGagain Often, it is easy to win in certain market conditions, but difficult to keep what you've made and repeat the wins.
When it is about memecoins, be careful not to give it all back to the market.
@cryptorover Memecoins will make more people poorer than if they had not ventured into it.
Follow the easier route. Learn real trading and focus on established cryptos. They are far easier to trade.
Though this is counterintuitive, set and forget strategies are more profitable in the long term.
They help you trade with peace of mind while allowing the markets to run its course.
If you don't tamper with your trades, or micro manage your positions, you will be better off.
@TradingComposur Insightful.....
To trade with discipline, you must have an established entry criteria that must manifest before taking an entry.
This is the only way to avoid indecision, or irrational decision under the heat of the markets.
@cryptorover Bitcoin indeed will breakout to the upside, but the bottom is not in yet.
High chances that price declines first, before any bullish rally can take place.
Don't buy now, don't chase the price.
@CryptoMichNL What a great looking setup. So, for solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN, 0.23 is the line in the sand.
If price remained consistently above it, that's a confirmed to search for buy entries.
Interesting to watch how it unfolds.
@MaxCrypto If you're not a whale, this is not the right time to take new long positions on $ETH...
Wait for price action confirmation. Understand market phase and timing, and wait for a decent pull back before taking long entry.
@KobeissiLetter Risk appetite is increasing, even though middle east war is continuing. Investors are discounting geopolitical tension amidst inflation fears.
Dollar weakness is the ultimate incentive for this.
@AshCrypto This weekend, Bitcoin seems weaker compared to Alts, but the situation could change quickly during the week.
Institutional demand for spot bitcoin:native could tilt the balance.
@eliz883 ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e is likely going to be a trap, if price pushes beyond the neckline. Trading the fakey back into the range is a better option.
Have a selling plan for ethereum:0x6c5ba91642f10282b576d91922ae6448c9d52f4e.
@misterrcrypto Traders need to pay attention to price action, and not inflows.
Institutional adoption caps price appreciation. This is the irony of the markets.
More liquidity, less parabolic moves.
@CryptoWizardd What if the price collapse back right below the counter trendline?
This is more likely to happen. If you want to buy $4, ensure you wait for strong price action confirmation.
@cryptorover Betting to get rich with memecoins is gambling. Even if you make some money on them, it lacks real world use case and so, don't marry your bag.
Book profit fast and reduce your risk exposures.
@cryptorover Technically, this is true.
Bitcoin will finally reach the $200k mark, and go beyond it.
But do not expect a straight flight. You must be patient and survive through the volatility and swings that would accompany this bullish wave.